The Federal Government has appointed Oyo-born Kazeem Kolawole Raji and two others as executive directors for the Nigerian Communications Satellite Limited (NIGCOMSAT).
This is part of the agency’s five-year strategic plan to re-position the company.
The newly appointed executive directors to fill existing vacancies are Samson R. Osagie (Marketing and Business Development), Abubakar L. Muhammad (Finance and Administration) and Kazeem K. Raji (Engineering Services).
According to Nigeria’s Minister of Communications, Adebayo Shittu, the new appointees, all seasoned professionals with private sector background, will fill existing vacancies.
Shittu added that the new appointees will support the NIGCOMSAT chief executive officer, Abimbola Alale to strengthen corporate governance for appropriate positioning of the agency.
The Minister stressed that immediate re-positioning plan seeks to commercialise Nigeria’s satellite infrastructure to generate revenue with Direct to Home (DTH) and Broadband Connectivity across the country.
The plan is estimated to cost N2 billion with the prospect of generating N5 billion in the first five years of commercialisation.
The Minister stated as well that NIGCOMSAT will pursue an aggressive plan to bridge the limitations to broadband access through communications satellite across the country.
“The viability of the communications satellite industry remains bright as the industry is the largest and most successful of all commercial space enterprises, generating more than USD 203 billion globally in 2014 from a paltry USD 89 billion in 2005.
“It is anticipated that this figure will double in 2020. Nigeria must not be left behind in harnessing the huge, profitable market to its optimal advantage,” he said.